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(YHOO - Get Report) wants to turn itself into the hot growth machine it once was, it needs to buy
(MNST - Get Report)," Jim Cramer told viewers on his "Mad Money" TV show Friday.
All week Cramer has been recommending smaller companies that Yahoo!, which Cramer owns for his charitable trust,
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, could purchase "to jump-start its growth."
On previous shows, Cramer advised buying
The Internet giant "needs to get its growth up, and Monster is a great candidate," he said.
Yahoo! tried to blame its poor performance on its sector, but because
, which is in the same industry, is doing "great," it's evident that it's not the industry that's performing badly, but Yahoo!'s management, Cramer said.
In fact, Monster is worth owning even if Yahoo! doesn't buy it because it's a broken stock, not a broken company, Cramer said.
Monster charges more for its listings than its competitors and controls 48% of the online job market. Plus, it is partnering with newspapers, he said.
"If I were you, I'd buy Monster in the expectation that Yahoo! needs to buy smaller companies such as Monster, Bankrate and The Knot to dig itself out of the hole management has buried the company into," Cramer said.
But if not, Monster is a good buy on its own, as its fundamentals are intact, he said.
Cramer said that if Yahoo! fired CEO Terry Semel, he'd call the stock a triple buy.